The Financial Services Commission of Ontario (FSCO) will host a chat on Twitter about insurance fraud next month.

On May 19, FSCO and the Toronto Police Service's Financial Crimes Unit plan to host a Twitter chat between 1 and 2 p.m. EST. The chat will take place under the #Fraudchat hashtag, and will offer consumers advice on what they can do to protect themselves from common types of fraud such as auto insurance sales scams, life insurance fraud, and health care insurance scams.

Thousands of Canadians targeted

The Canadian Anti-Fraud Centre, the Canadian Life and Health Insurance Association and the Insurance Bureau of Canada will all participate in the chat.

"Every year, thousands of Canadians are targeted by fraud. For those who fall victim, the impact can be devastating: people's life savings, credit ratings, homes and identities have been lost or damaged. To help combat this growing issue, education on fraud prevention is key," reads the announcement from FSCO.